Diversified Financial Systems Inc. v. Binstock

MESCHKE, Justice.

[¶ 1] Diversified Financial Systems, Inc. appealed a jury verdict and judgment dismissing Diversified’s action against Simon Binstock on his guaranty of a note, and appealed the order denying Diversified’s post-trial motion for judgment as a matter of law. We conclude substantial evidence supported the jury verdict that the FDIC’s agents waived Binstoek’s obligation on the guaranty, and we affirm.

[¶2] Simon Binstock, who farmed near Regent, had been a longtime customer of First State Bank of Regent. Besides his own borrowings from the Bank, he signed a guaranty to the Bank on…